Seoul imposes new sanctions on N. Korean groups, individuals

South Korea added several North Korean groups and individuals to its sanctions list on Monday. The Seoul government placed 20 North Korean groups, including several banks and companies, as well as 12 individuals on the list. The decision is seen as a largely symbolic move that is part of efforts to cut off funding for the North’s weapons program. The sanctions blacklist includes Rason International Commercial Bank and Korea Zinc Industrial Group. The individuals added to the list are North Korean officials who work for the country’s banks or companies in China, Russia, Vietnam and Namibia, AP reports.